JTL Industries Limited, a leading steel tube manufacturer, has signed a Memorandum of Understanding (MOU) with RCI Industries & Technologies Limited to produce up to 200 MT/month of copper and brass alloys on a job-work basis.
This strategic move aligns with JTL’s goal to diversify into the defense sector, focusing on indigenous manufacturing of bullet casings and non-ferrous metal products under India’s “Make in India” initiative.
RCI Industries, a listed company with a market cap of Rs. 9 crores, operates a 27,000 sq. meter plant in Baddi, Himachal Pradesh, with an installed capacity of 15,000 MTPA. Post-NCLT approval, JTL will fully own the facility, aiming to significantly boost its revenue by FY27.
This acquisition marks a key step in JTL’s expansion into high-value sectors, reinforcing its commitment to innovation and self-reliance in manufacturing.
Commenting on the development, the management of JTL Industries said, “This MOU between JTL and RCI marks a milestone which will help us in not only entering new segments but also in gaining new customers and relationships. This high-value acquisition gives us an opportunity to enhance our footprint in the copper products market, leveraging RCI’s manufacturing expertise. We look forward to new avenues of growth and the strong uptick that this will provide us with in future.”
